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Roofing Fraud & AOB – How to Protect Yourself

assignment of benefitsRoofing fraud is alive and well, and some contractors might try and take your money and run. The situation you could find yourself in can seem legitimate, however you need to be wary of a contractor claiming to take care of everything, including your insurance policy. These are specific warning signs you need to keep in mind when it comes to AOB fraud and roofers:

Home Renovations to Improve Insurance Costs

March 31, 2017 at 6:34 pm | No comment | Category: family safety, Homeowner's Insurance, Liability

homeowners insuranceAre you a homeowner who is looking to make improvements to your home and thinking about investing in some exciting renovation projects? Renovations can make your home look and feel better. When thinking about home renovations, it’s a good idea to also consider the effects it may have on your homeowner insurance costs. Some renovations may result in an insurance increase, while others will result in a decrease in premium costs. We can help you get a better understanding on how your insurance rates may change when making changes to your home.

AOB Legislative Overview

March 24, 2017 at 6:39 pm | No comment | Category: Assignment of Benefits, family safety, Homeowner's Insurance

assignment of benefitsInsurance fraud is on the rise in Florida, especially during storm season when insurance claims are high. However, help is on the way to protect homeowners from shady contractors who have bilked insurance carriers and policyholders out of millions of dollars!

In February, the Florida legislature drafted a bill that addresses the Assignment of Benefits (AOB) clause found in homeowners insurance policies. The AOB allows an insured to assign policy rights to a third party. By doing so, the homeowner can no longer deal directly with the insurance carrier in the event of a claim. Once a homeowner gives up those rights, the policyholder allows claims to be paid directly to contractors. Claims adjusters can only legally negotiate with the contractor. Some home repair firms have been cashing claims checks without making any repairs to the insured’s home – which is then cited as AOB fraud. The bill seeks to crack down on the illegal practice.

These Factors Could Affect Insurance Costs

February 27, 2017 at 10:15 pm | No comment | Category: family safety, Homeowner's Insurance, Liability

homeowners insuranceHome insurance is a necessary expense that comes with owning a home. Homeowners insurance will cost the average person hundreds or even thousands of dollars per year. There are plenty of factors that contribute to the price you’re paying – whether it be your furry friend living with you or having an alarm system.

Whether you’re getting an insurance policy for your first home or renewing your current homeowners insurance policy, you may be able to substantially reduce your insurance rate by following a few simple guidelines.

The Real Cost of Buying a Home

February 21, 2017 at 3:45 pm | No comment | Category: Home Buying, Homeowner's Insurance

first timehomebuyingWouldn’t it be ideal if every home buyer only needed to pay the price on their mortgage label? In reality, there are several hidden costs attached to home loans. You may also need to create an escrow account in conjunction with your mortgage to accommodate these costs. This is done to safeguard the lender if the home owner does not pay the extra charges timely and fully. Here are some of the main additional expenses you may need to consider when budgeting and deciding on your new location:

Types of Home Loans & What They Mean

February 10, 2017 at 9:20 pm | No comment | Category: Home Buying, Homeowner's Insurance

home loansChoosing a mortgage from the many types of home loans is potentially one of the largest financial decisions you could make. Interest rates are not the only deciding factor here. You’ll also need to take your lifestyle, finances, home ownership goals, and various mortgage attributes into account. As a home buyer, mortgage diversity enables you to tailor your loan to suit your existing, and future needs. Familiarize yourself with these primary types of home loans, and make choosing a little less overwhelming.

Assignment of Benefits

February 10, 2017 at 9:34 am | No comment | Category: Homeowner's Insurance, Liability, Storm Season

homeowners insuranceBeing a Florida homeowner can come with a lot of risks – a lot of them being weather related. Before the 2017 storm season, you may need to consider getting work done on your house prior to or after a storm approaches. Before you hire a contractor, there are things you need to be aware of. Check out this list of important information regarding an Assignment of Benefits, and make sure you’re prepared before you sign an agreement.

Homeowners Insurance: “Cheaper” May Not Cost Less

February 2, 2017 at 2:31 am | No comment | Category: Homeowner's Insurance

homeowners insuranceMost Floridians would consider their home to be their most valuable asset. Naturally, many homeowners want to stretch their dollar as far as they can. Cheap homeowners insurance may cost you less up front, but that savings won’t pay if you have sacrifice coverage for a lower rate and end up facing an expensive insurance claim. Make sure you’re getting the right coverage from your insurance policy, or you might have to deal with extra hassle down the road. Use these tips to help you choose the perfect homeowners insurance for your family while still working within your budget.

How to Understand Your Escrow Statement

January 19, 2017 at 10:00 am | No comment | Category: Homeowner's Insurance

homeowners coverageBuying a house is a big deal, so first of all, congratulations! However, if you’re a new homeowner, or perhaps an experienced homeowner who just hasn’t yet figured out what an escrow statement is, you may be realizing that it’s a hard document to decipher. Never fear: We’re here to help you figure it out. First of all, it’s important to understand that your monthly mortgage payment covers more than the payment on your house. We’ll break down what exactly comes out of the mortgage payment, how your escrow account is used, and what is included in your escrow statement.

Understanding Your Homeowners Insurance Policy

January 12, 2017 at 5:55 pm | No comment | Category: Homeowner's Insurance

Being a homeowner is an exciting thing, however it may leave some people with questions. Do you know exactly what is covered in your homeowners coveragehomeowners insurance policy? Every basic home insurance policy provides a package of insurance protection for your home, with different types of coverage included. Let us take the guesswork out of your homeowners insurance with this simple guide!

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